Take Two Stock Falls 15% After Cuts Guidance as it Digests Zynga Merger

Take Two Interactive Software stock took a tumble after it announced disappointing second-quarter 2023 results Monday after the closing bell. $TTWO traded at $90.55▼ 17.85 or 16.47% after hours at a new 52 week low. TTWO incurred a loss of $257 million or $1.54 per share in the September quarter, compared to a profit of $10.2 million or $0.09 per share in the prior-year quarter. Clearly the lofty premium the gaming company paid for Zynga is still impacting. The two companies merged … Continue reading “Take Two Stock Falls 15% After Cuts Guidance as it Digests Zynga Merger”

Activision Blizzard Earnings and Revenue Higher with Diablo, Call of Duty and Candy Crush

Video game publisher Activision Blizzard reported better than expected third quarter earnings after the close Monday and updated on a pending acquisition of the company by Microsoft Corporation ($MSFT). Activision Blizzard ended the third quarter with 368 million monthly active users with its segment seeing revenue up double-digits thanks to the launch of “Diablo II: Resurrected” and “Diablo Immortal.” Released in October “Call of Duty: Modern Warfare II” was the fastest-selling title in the history of the franchise. $ATVI saw … Continue reading “Activision Blizzard Earnings and Revenue Higher with Diablo, Call of Duty and Candy Crush”

Gaming Heavyweight Take-Two Impacted by Zynga Acquisition, Bearish FY23 guidance

Video game publisher Take-Two Interactive Software reported announced first-quarter 2023 results Monday after the closing bell, reporting a 36% revenue growth. TTWO missed by $1.61, missed on revenues. The gaming giant guided Q2 EPS and revenues below consensus; guided FY23 EPS and revenue below consensus. The Zynga acquisition impacted earnings and guidance, with nearly $117 million in business acquisition costs driving the bottom line into the red. TAKE-TWO INTERACTIVE SOFTWARE, INC – NASDAQ: TTWO Earnings Take Two First-quarter revenues rose … Continue reading “Gaming Heavyweight Take-Two Impacted by Zynga Acquisition, Bearish FY23 guidance”

Grand Theft Auto Publisher Take Two Interactive Again Reported Stronger Earnings

Video game publisher Take-Two Interactive Software reported better than expected earnings Tuesday. NBA 2K21 and NBA 2K20, Grand Theft Auto Online and Grand Theft Auto V, Red Dead Redemption 2 and Red Dead Online, Social Point’s mobile games, Sid Meier’s Civilization VI, Borderlands 3, and NBA Online boosted $TTWO.

Gamestop Report Earnings With Chewy Founder Cohen Betting on E Commerce Evolution

Video game retailer GameStop reported mixed third quarter earnings after the close Tuesday  $GME stock has been a hot stock in 2020 with investors like Scion’s Michael Burry and Chewy’s Ryan Cohen and is one of the most heavily shorted stocks on the market with approximately 90% of the shares in lending programs. $GME fell 20% on the report.

Activision Blizzard Revises Earnings Higher on Soaring Gaming Engagement and Revenue Due to Lockdown

Video game publisher Activision Blizzard reported better than expected second quarter earnings and guided its full year 2020 guidance. $ATVI saw growth from World of Warcraft Classic and core games include Overwatch, Call of Duty, and Candy Crush mobile games.

TakeTwo Interactive Raises Guidance on Grand Theft Auto, NBA 2K20 and Red Dead Redemption 2 Games

Video game publisher Take-Two Interactive Software raised guidance despite lower than expected earnings Monday. NBA® 2K20, Grand Theft Auto® Online, Grand Theft Auto V, Red Dead Redemption 2 , Red Dead Online, Sid Meier’s Civilization® VI and Social Point’s mobile games helped $TTWO raise guidance.

Electronic Arts Earnings Soar with Stay at Home Gamers During Covid Lockdown

Video game publisher Electronic Arts reported better than expected June quarter earnings after the market Thursday. The Covid lockdown saw gamers exceed all forecasts of interactions and purchasers. $EA guided higher for next quarter.

TakeTwo Earnings Boosted By Increase in Lockdown Gamers, Grand Theft Auto and NBA 2K20

Video game publisher Take-Two Interactive Software reported better than expected earnings Tuesday. $TTWO names NBA® 2K20 and NBA 2K19, Grand Theft Auto® Online and Grand Theft Auto V, Red Dead Redemption 2 and Red Dead Online, Borderlands 3, Sid Meier’s Civilization® VI, Social Point’s mobile games, and WWE® SuperCard and WWE 2K20 helped raise guidance..

Electronic Arts Earnings Beat But Lowers Gaming Revenue Guidance

Video game maker Electronic Arts reported better than expected December quarter earnings after the market Thursday. However $EA traded lower after warning on next quarters revenue. FIFA Ultimate Team matches were up nearly 40% y/y as it competed with Fortnite.